Little Rock USDA Loans

LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Little Rock's 71 lenders originated 795 USDA loans during 2021. The total origination value was $131,565,000, with an average USDA loan value of $165,491.

Little Rock USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Little Rock averaged 5.12% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

The average rate for the prior week (2022-05-13) was 5.31% and one month ago for the week of 2022-04-15, the average rate was 4.9%.

The average rate one year ago was 2.95%.

For refis of the same type during the week of 2022-05-20, the average rate was 4.96%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Little Rock USDA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Little Rock level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
FirstTrust Home Loans, Inc. 132 3.08% $4,725
MORTGAGE FINANCIAL SERVICES, LLC 75 3.04% $4,877
Eagle Bank and Trust Company 70 2.72% $4,195
Bank of England 47 2.98% $5,261
Centennial Bank 41 2.62% $4,270
FLAT BRANCH MORTGAGE, INC. 40 3.32% $4,717
First Security Bank 26 2.64% $3,616
Arvest Bank 24 2.87% $4,290
PRIMARY RESIDENTIAL MORTGAGE, INC. 23 3.48% $5,765
Simmons Bank 19 2.79% $4,111
CALIBER HOME LOANS, INC. 19 2.70% $4,285
CORNERSTONE HOME LENDING, INC. 18 3.14% $6,010
GUARANTEED RATE, INC. 17 2.90% $5,103
PILGRIM MORTGAGE LLC 16 3.25% $6,425
SENTE MORTGAGE, INC. 14 3.17% $4,846
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 12 2.95% $4,531
Gateway First Bank 10 2.70% $3,327
First Horizon Bank 10 2.70% $4,447
Sierra Pacific Mortgage Company, Inc. 10 2.94% $4,390
COMMUNITY MORTGAGE CORPORATION 9 2.65% $5,037
Regions Bank 8 3.05% $3,921
PENNYMAC LOAN SERVICES, LLC 8 2.91% $4,745
Citizens Bank 8 2.92% $4,179
MID AMERICA MORTGAGE, INC. 7 3.07% $4,198
First Option Mortgage, LLC 6 2.85% $5,219
GMFS LLC 6 2.69% $3,870
MORTGAGE INVESTORS GROUP, INC. 5 3.00% $4,445
ENCORE BANK 5 2.48% $4,205
DAS Acquisition Company, LLC 5 3.55% $4,745
AMCAP MORTGAGE, LTD. 5 3.00% $5,398
ARKANSAS Federal Credit Union 5 3.35% $5,480
Chambers Bank 5 2.78% $4,504
UNITED WHOLESALE MORTGAGE, LLC 5 2.83% $4,070
BROKER SOLUTIONS, INC. 4 3.03% $4,796
ACADEMY MORTGAGE CORPORATION 4 3.47% $8,239
EVERETT FINANCIAL, INC. 4 3.31% $4,254
FBC MORTGAGE, LLC 4 2.84% $4,491
FIRST COMMUNITY MORTGAGE, INC. 4 2.69% $5,142
GUILD MORTGAGE COMPANY 4 3.00% $5,920
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 3.13% $5,269
First Financial Bank 3 3.04% $4,365
CRESCENT MORTGAGE COMPANY 3 3.13% $4,736
First Community Bank 3 2.54% $5,204
Amerifirst Financial, Inc. 2 2.75% $1,226
U.S. Bank 2 3.13% $4,990
GSF Mortgage Corporation 2 3.69% $5,252
First Guaranty Mortgage Corporation 2 2.31% $3,126
The Home Loan Expert LLC 2 2.50% $4,435
TOP FLITE FINANCIAL, INC. 2 3.13% $4,943
PLAZA HOME MORTGAGE, INC. 1 2.88% $3,545
CHURCHILL MORTGAGE CORPORATION 1 3.38% $5,431
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.63% $4,146
Servion, Inc. 1 2.75% $5,328
BancorpSouth Bank 1 2.75% $3,545
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.75% $6,251
Southern Bank 1 2.25% $3,598
SUN WEST MORTGAGE COMPANY, INC. 1 2.25% $5,437
SWBC MORTGAGE CORPORATION 1 3.25% $697
UNION HOME MORTGAGE CORP. 1 3.00% $4,609
United Fidelity Funding Corp. 1 2.25% $8,741
UNITED MORTGAGE CORP. 1 3.25% $5,129
VILLAGE CAPITAL & INVESTMENT LLC 1 2.75% $5,000
HOME POINT FINANCIAL CORPORATION 1 2.75% $5,858
LOANDEPOT.COM, LLC 1 2.75% $4,894
Magnolia Bank 1 2.63% $4,690
Flanagan State Bank 1 2.75% $5,313
MUTUAL OF OMAHA MORTGAGE, INC. 1 3.25% $5,979
Nations Lending Corporation 1 4.00% $1,299
ON Q FINANCIAL, INC. 1 3.75% $4,844
Paramount Residential Mortgage Group, Inc. 1 2.88% $5,973
Plains Commerce Bank 1 2.75% $9,357

The top Little Rock USDA lender as defined by loan originations is FirstTrust Home Loans, Inc., with 132 USDA loans originated. Their average total fees are $4,725, which is $152 lower than the next largest lender, MORTGAGE FINANCIAL SERVICES, LLC.

The lowest fee Little Rock USDA lenders (with over 10 loans originated) are Gateway First Bank ($3,327), First Security Bank ($3,616), Simmons Bank ($4,111), Eagle Bank and Trust Company ($4,195) and Centennial Bank ($4,270).

The lowest rate Little Rock USDA lenders (with over 10 loans originated) are Centennial Bank (2.62%), First Security Bank (2.64%), First Horizon Bank (2.70%), Gateway First Bank (2.70%) and CALIBER HOME LOANS, INC. (2.70%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Little Rock (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $173,250 (9.9%) $242,988 (13.0%) 0.64 2,916
2018-02-01 $174,950 (9.7%) $244,044 (12.4%) 0.63 2,892
2018-03-01 $179,900 (9.1%) $243,616 (9.7%) 0.62 2,914
2018-04-01 $181,450 (10.0%) $248,411 (10.2%) 0.61 2,963
2018-05-01 $185,000 (11.6%) $255,155 (12.0%) 0.62 3,117
2018-06-01 $185,000 (9.3%) $256,122 (10.2%) 0.62 3,196
2018-07-01 $185,500 (9.2%) $252,159 (7.6%) 0.62 3,297
2018-08-01 $185,000 (8.9%) $249,151 (6.5%) 0.62 3,339
2018-09-01 $185,000 (8.8%) $250,211 (7.1%) 0.62 3,396
2018-10-01 $189,000 (11.2%) $249,979 (7.6%) 0.63 3,497
2018-11-01 $185,500 (9.1%) $249,375 (6.4%) 0.62 3,330
2018-12-01 $185,000 (8.8%) $248,524 (4.3%) 0.63 3,213
2019-01-01 $182,750 (5.5%) $247,374 (1.8%) 0.63 3,076
2019-02-01 $185,400 (6.0%) $250,212 (2.5%) 0.62 3,011
2019-03-01 $192,214 (6.9%) $256,891 (5.5%) 0.63 2,955
2019-04-01 $198,750 (9.5%) $264,046 (6.3%) 0.63 2,917
2019-05-01 $199,900 (8.1%) $270,808 (6.1%) 0.62 2,912
2019-06-01 $199,900 (8.1%) $272,992 (6.6%) 0.62 2,904
2019-07-01 $199,900 (7.8%) $274,045 (8.7%) 0.62 2,852
2019-08-01 $199,900 (8.1%) $276,101 (10.8%) 0.63 2,806
2019-09-01 $199,900 (8.1%) $275,548 (10.1%) 0.63 2,749
2019-10-01 $199,900 (5.8%) $276,349 (10.6%) 0.64 2,706
2019-11-01 $199,900 (7.8%) $272,560 (9.3%) 0.65 2,642
2019-12-01 $199,900 (8.1%) $275,391 (10.8%) 0.67 2,488
2020-01-01 $199,400 (9.1%) $277,123 (12.0%) 0.66 2,322
2020-02-01 $205,000 (10.6%) $279,424 (11.7%) 0.66 2,228
2020-03-01 $213,450 (11.1%) $282,463 (10.0%) 0.67 2,179
2020-04-01 $212,600 (7.0%) $280,170 (6.1%) 0.66 2,156
2020-05-01 $229,000 (14.6%) $292,566 (8.0%) 0.69 1,900
2020-06-01 $235,000 (17.6%) $301,109 (10.3%) 0.69 1,747
2020-07-01 $232,493 (16.3%) $307,236 (12.1%) 0.67 1,650
2020-08-01 $235,000 (17.6%) $315,027 (14.1%) 0.67 1,525
2020-09-01 $235,000 (17.6%) $317,304 (15.2%) 0.67 1,424
2020-10-01 $235,000 (17.6%) $325,847 (17.9%) 0.67 1,363
2020-11-01 $235,000 (17.6%) $326,271 (19.7%) 0.67 1,281
2020-12-01 $233,950 (17.0%) $328,633 (19.3%) 0.69 1,170
2021-01-01 $227,900 (14.3%) $332,075 (19.8%) 0.67 960
2021-02-01 $242,450 (18.3%) $335,415 (20.0%) 0.70 823
2021-03-01 $249,450 (16.9%) $343,411 (21.6%) 0.70 744
2021-04-01 $244,000 (14.8%) $347,767 (24.1%) 0.66 729
2021-05-01 $234,500 (2.4%) $336,656 (15.1%) 0.62 708
2021-06-01 $230,000 (-2.1%) $330,835 (9.9%) 0.60 779
2021-07-01 $242,500 (4.3%) $332,794 (8.3%) 0.63 926
2021-08-01 $244,450 (4.0%) $330,906 (5.0%) 0.64 1,056
2021-09-01 $244,450 (4.0%) $327,806 (3.3%) 0.64 1,062
2021-10-01 $240,000 (2.1%) $324,431 (-0.4%) 0.63 971
2021-11-01 $227,500 (-3.2%) $313,755 (-3.8%) 0.60 950
2021-12-01 $235,000 (0.5%) $317,086 (-3.5%) 0.63 862
2022-01-01 $235,000 (3.1%) $312,405 (-5.9%) 0.63 753
2022-02-01 $236,950 (-2.3%) $330,705 (-1.4%) 0.60 661
2022-03-01 $249,950 (0.2%) $361,387 (5.2%) 0.62 666
2022-04-01 $279,900 (14.7%) $366,289 (5.3%) 0.66 674
Little Rock's median listing price for 2022-04-01 was $279,900, a difference of $35,900 (14.7%) versus the prior year and $29,950 versus the prior month.

Little Rock's median listing price comes in at 66% of the national average.

Little Rock's average listing price for 2022-04-01 was $366,289, a difference of $18,522 (5.3%) versus the prior year and $4,902 versus the prior month.

For the 2022-04-01 period, Little Rock had 674 MLS listings, a difference of 8 listings (1%) versus the prior month and -55 listings (-8%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Little Rock (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 81 days 1,888 sqft
2018-02-01 70 days 1,883 sqft
2018-03-01 59 days 1,902 sqft
2018-04-01 59 days 1,917 sqft
2018-05-01 56 days 1,937 sqft
2018-06-01 57 days 1,940 sqft
2018-07-01 59 days 1,936 sqft
2018-08-01 60 days 1,934 sqft
2018-09-01 64 days 1,914 sqft
2018-10-01 67 days 1,919 sqft
2018-11-01 70 days 1,906 sqft
2018-12-01 77 days 1,880 sqft
2019-01-01 76 days 1,879 sqft
2019-02-01 67 days 1,884 sqft
2019-03-01 61 days 1,926 sqft
2019-04-01 57 days 1,973 sqft
2019-05-01 55 days 1,991 sqft
2019-06-01 59 days 2,000 sqft
2019-07-01 60 days 2,006 sqft
2019-08-01 63 days 2,017 sqft
2019-09-01 63 days 2,011 sqft
2019-10-01 63 days 2,013 sqft
2019-11-01 65 days 1,998 sqft
2019-12-01 70 days 1,998 sqft
2020-01-01 70 days 1,988 sqft
2020-02-01 55 days 2,032 sqft
2020-03-01 52 days 2,067 sqft
2020-04-01 57 days 2,046 sqft
2020-05-01 62 days 2,108 sqft
2020-06-01 54 days 2,103 sqft
2020-07-01 49 days 2,106 sqft
2020-08-01 43 days 2,128 sqft
2020-09-01 45 days 2,119 sqft
2020-10-01 45 days 2,100 sqft
2020-11-01 49 days 2,096 sqft
2020-12-01 54 days 2,048 sqft
2021-01-01 60 days 2,057 sqft
2021-02-01 48 days 2,050 sqft
2021-03-01 46 days 2,000 sqft
2021-04-01 36 days 1,940 sqft
2021-05-01 28 days 1,890 sqft
2021-06-01 28 days 1,866 sqft
2021-07-01 25 days 1,959 sqft
2021-08-01 35 days 1,968 sqft
2021-09-01 40 days 1,956 sqft
2021-10-01 44 days 1,943 sqft
2021-11-01 42 days 1,894 sqft
2021-12-01 47 days 1,922 sqft
2022-01-01 53 days 1,930 sqft
2022-02-01 45 days 1,891 sqft
2022-03-01 38 days 1,888 sqft
2022-04-01 29 days 2,000 sqft
Little Rock's median listing age (time on market) for 2022-04-01 was 29 days. This is -18% shorter than the same period one year ago.

Little Rock's median square footage for active listings during the 2022-04-01 period was 2,000 sqft. One year prior, the average listing was 1,940 sqft.